Latest news with #RasyidahCheRosli
New Straits Times
2 days ago
- Business
- New Straits Times
LHDN receives 328 million e-invoices from nearly 35,000 taxpayers since August 2024
GEORGE TOWN: The Inland Revenue Board (LHDN) has received 328 million e-invoices from taxpayers as of yesterday, since the system was launched in August 2024. LHDN tax operations department director (e-Invoice division) Dr Rasyidah Che Rosli said nearly 35,000 taxpayers had submitted e-invoices, including many who had adopted the system voluntarily ahead of their respective mandatory phases. "This is a positive response from taxpayers under the first phase, as well as those in the second and third phases who have implemented e-invoicing voluntarily. "The digital records via the e-Invoice system help prevent the loss or misplacement of documentation and will, in future, be integrated directly into taxpayers' return forms for greater efficiency and accuracy," she told reporters at the CTOS SME Biz Day 2025 Penang, held at the Setia Spice Convention Centre here today. The event was officiated by Penang Deputy Chief Minister II Jagdeep Singh Deo, and was attended by more than 1,300 participants, including government representatives, industry experts and corporate leaders. Meanwhile, Rasyidah said LHDN had granted an interim six-month relaxation period for each implementation phase involving taxpayers who are issuing consolidated e-invoices. She said the board was also supporting taxpayers during the transition by providing guidelines and frequently asked questions on its e-Invoice microsite. "LHDN also provides a transmission mechanism through an application programming interface (API) integrated with MyInvois, which allows taxpayers to either develop their own system or use the services of technology providers," she added. Taxpayers may also submit their e-invoices via the MyInvois portal free of charge, and are encouraged to refer to the LHDN e-Invoice microsite for further guidance. The e-Invoice system was implemented on Aug 1, 2024, for companies with annual sales exceeding RM100 million. The second phase began on Jan 1, 2025, for companies with annual sales between RM25 million and RM100 million. On June 5, LHDN announced that taxpayers with income or annual sales below RM500,000 would be exempted from the e-Invoice requirement for now. Implementation has been postponed to Jan 1, 2026, for those with earnings between RM1 million and RM5 million, while those with income up to RM1 million will begin on July 1, 2026.
Free Malaysia Today
2 days ago
- Business
- Free Malaysia Today
328 million e-invoices processed by LHDN so far
LHDN's e-invoicing director Rasyidah Che Rosli said some smaller taxpayers have joined the e-invoicing system voluntarily ahead of their mandatory dates. GEORGE TOWN : The Inland Revenue Board (LHDN) has validated more than 328 million e-invoices since the country began its move towards a digital tax system last year. LHDN's e-invoicing director Rasyidah Che Rosli said the numbers came from about 35,000 taxpayers who submitted their records through the new system. 'These are from users in Phases 1 and 2. Some smaller taxpayers have also joined voluntarily ahead of their mandatory dates,' she said, speaking to reporters on the sidelines of an event by CTOS in Bayan Lepas today. LHDN is phasing in e-invoicing by company size, with Phase 1, which started on Aug 1 last year, covering large businesses with annual sales of over RM100 million. Phase 2, which started on Jan 1, covers companies with sales of between RM25 million and RM100 million. Phase 3 (RM5 million-RM25 million turnover) starts on July 1 and Phase 4 (RM1 million-RM5 million) on Jan 1, 2026. The smallest firms (below RM1 million) will come on board by July 1, 2026. The e-invoicing system, part of the government's plan to improve tax compliance and reduce fraud, is meant to help LHDN keep a better record of business deals and make it easier for taxpayers to fill in their tax forms. E-invoices, which let businesses report sales immediately or on a monthly basis, are sent in real time or in monthly groups. The system can also handle self-billed e-invoices, such as for transactions with foreign suppliers or people who do not run businesses.
Daily Express
2 days ago
- Business
- Daily Express
328 million e-invoices processed by LHDN so far
Published on: Thursday, June 12, 2025 Published on: Thu, Jun 12, 2025 By: Predeep Nambiar, FMT Text Size: LHDN's e-invoicing director Rasyidah Che Rosli said some smaller taxpayers have joined the e-invoicing system voluntarily ahead of their mandatory dates. GEORGE TOWN: The Inland Revenue Board (LHDN) has validated more than 328 million e-invoices since the country began its move towards a digital tax system last year. LHDN's e-invoicing director Rasyidah Che Rosli said the numbers came from about 35,000 taxpayers who submitted their records through the new system. Advertisement 'These are from users in Phases 1 and 2. Some smaller taxpayers have also joined voluntarily ahead of their mandatory dates,' she said, speaking to reporters on the sidelines of an event by CTOS in Bayan Lepas today. LHDN is phasing in e-invoicing by company size, with Phase 1, which started on Aug 1 last year, covering large businesses with annual sales of over RM100 million. Phase 2, which started on Jan 1, covers companies with sales of between RM25 million and RM100 million. Phase 3 (RM5 million-RM25 million turnover) starts on July 1 and Phase 4 (RM1 million-RM5 million) on Jan 1, 2026. The smallest firms (below RM1 million) will come on board by July 1, 2026. The e-invoicing system, part of the government's plan to improve tax compliance and reduce fraud, is meant to help LHDN keep a better record of business deals and make it easier for taxpayers to fill in their tax forms. E-invoices, which let businesses report sales immediately or on a monthly basis, are sent in real time or in monthly groups. The system can also handle self-billed e-invoices, such as for transactions with foreign suppliers or people who do not run businesses. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
